Author: Fernanda T

Bitcoin faces selling pressure with resistance at $63,000 Bitcoin (COIN:BTCUSD), after reaching $64,448 on October 7, briefly dipped below $62,000, currently trading at $62,200, nearly unchanged over the last 24 hours. Selling pressure observed on Coinbase, along with China’s underwhelming economic stimulus, suggested a bearish outlook. The National Development and Reform Commission (NDRC) briefing lacked…

U.S. index futures rose in premarket trading on Tuesday, suggesting a rebound after earlier declines caused by rising bond yields and oil prices. Investors await key economic data this week amid statements from Federal Reserve leaders. At 5:48 AM ET, Dow Jones (DOWI:DJI) futures rose 62 points or 0.15%. S&P 500 futures gained 0.37%, and…

EIP 7781 proposal aims to increase Ethereum network throughput The Ethereum community is evaluating the EIP 7781 Improvement Proposal, which suggests reducing the slot time from 12 to 8 seconds, increasing throughput by about 33%. This change would better distribute rollup latency and data capacity, improving bandwidth usage. Researcher Justin Drake supported the proposal, stating…

U.S. index futures edged down slightly in pre-market trading on Monday, with investors focused on international tensions, the Federal Reserve’s meeting minutes, the Consumer Price Index report, and the start of the corporate earnings season this week. At 05:03 AM, Dow Jones futures (DOWI:DJI) fell 176 points or 0.41%. S&P 500 futures lost 0.53%, and…

Bitcoin reacts positively to US employment data Bitcoin (COIN:BTCUSD) rose about 2.3% on October 4, reaching an intraday high of $62,348.87 after US employment data exceeded expectations. 254,000 non-farm jobs were added in September, compared to the forecast of 147,000. The market responded optimistically, with both the S&P 500 and Nasdaq also rising. Inflation data…

Grayscale launches fund focused on Aave, boosting token Grayscale launched the Grayscale Aave Trust, a fund dedicated to the DeFi protocol Aave, providing exposure to the AAVE token (COIN:AAVEUSD) without needing direct purchase. Following the announcement, the AAVE token reached $143.51, despite a 15.3% drop the previous week. The Trust holds $150,000 in assets and…

Bitcoin rises after drop, influenced by tensions in the Middle East Bitcoin (COIN:BTCUSD) rose above $61,500 after 10 PM on Tuesday, dipped below $61,000 by 09:30 AM on Wednesday, and hit an intraday high of $62,380 at 12 PM. Priced at $61,720, up 1.48% at the time of writing, Bitcoin fluctuated amid escalating conflict between…

XRP sees increased interest with RLUSD stablecoin tests Open interest in XRP derivative contracts has recently surged, driven by the testing phase of RLUSD, a Ripple Labs stablecoin. Significant RLUSD minting signals development progress, sparking speculation on social media. XRP (COIN:XRPUSD) rose 3.3% over seven days. Trading volumes soared, with Binance and Bybit accounting for…